ITreeinvestor palm oil RM5000 , shares price stuck ; when palm oil drop to Rm3000-RM4000, expected panic sell down. No point to hold palm oil stocks at this moment 17/01/2022 12:12 PM
Let Calvin enlightens you
1) Palm oil according to
Thplant at Rm2,500 cpo per ton already making money as Thplant cost of Cpo production only Rm1,465
KmLoong people very happy if Cpo can sustain above Rm3,000 per ton
SimeDarby Plant people with long years of experience stated that Cpo price will be above Rm4,200 per ton till 1st Qtr of 2022
2) Cpo prices will remain strong due to
Rival canola oil & soybean oil both very high prices will support Cpo prices
Rise of brent crude over Usd86 will turn more Refineries in Usa to convert to Biodisel Soyoil goes up will lift up Cpo prices in tandem
In year 2022 Many New Refineries in USA will begin production This will add to Biodisel use as USA pivots to Renewable Energy
3) DEMAND FOR PALM OIL BY 1 BILLION MUSLIMS IN MALAYSIA, INDONESIA, PAKISTAN, BANGLADESH & MIDDLE EASTERN COUNTRIES AS THEY CELEBRATE UPCOMING RAMADAN OR HARI RAYA FESTIVAL WILL GIVE SUPPORT
4) CURRENT FLOOD IN BRAZIL & DRYNESS IN ARGENTINA THIS YEAR OF 2022 WILL SEE SHORTFALL OF SOYBEAN & CORN LEADING TO SUSTAINED AND HIGH PRICES
ALL THE PREVAIING FACTORS FAVOUR HIGH CPO PRICES AHEAD - LEADING TO ASTRONOMICAL HIGH PROFITS
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
50,388 posts
Posted by calvintaneng > 2022-01-15 15:47 | Report Abuse
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